Bond Prices Inch Up on Weak Housing Data (CNBC)

Prices on U.S. bonds crept up a little higher on Tuesday, motivated by weaker-than-expected housing data. As prices rose, yields on the 10-year Treasury bonds fell to 2.71 percent from yesterday’s 2.74 percent.  Additional yield may continue today, but isn’t likely as analysts expected reduced trading volume beginning today, in front of Thanksgiving. However, the National Association of Realtors presents its housing data on Monday, which may cause a whole new round of higher prices and lower yields.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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